Wednesday, February 21, 2007
Up 92 today
The last two days when I lost I felt myself desperately trying to make money. I took mediocre setups that stopped me out. Today I did not care if I made money or not. I just wanted to pick nice looking setups with low risk. The stock did not have a big run though. I see some progress. I have to see if I can keep this mental state for the next two days.
- I have been trading for 5 years. It took close to a year before I became profitable. I find that I am improving gradually each year. My method of choice is scalping. My edge lies in tape reading NYSE stocks and staying on the side of the specialist. That is the method I learned when I started. As I build up my capital I will try new styles and trade new markets. In late 2006 my trading hit a rough patch after the introduction of the NYSE Hybrid system. For most of 2007, I have been on a search for new strategies that would help me adapt to the market.